RadioShack to Offer Trumpet Mobile Prepaid Wireless Services
April 1, 2008 5:40 AM | Services | Comments (1)
Trumpet Mobile and RadioShack Corporation today announced the nationwide availability of Trumpet Mobile's prepaid wireless services at more than 4,300 RadioShack neighborhood locations. As one of the fastest growing prepaid wireless service providers, Trumpet Mobile is a pioneer in the prepaid mobile money transfer market, which allows subscribers the unique ability to make Western Union money transfers within the U.S. and to Latin America and the Caribbean from their mobile phones. |  |
In 2007 Trumpet Mobile introduced prepaid mobile money transfers in the U.S. in a pilot with global money-transfer company Western Union. With the Trumpet CashCard the service gives mobile subscribers the ability to make secure money transfers. This feature is particularly attractive for RadioShack customers who do not have a bank account and are not affiliated with a traditional financial institution yet have financial obligations.
According to the Center for Financial Services Innovation, 40 million American households are unbanked or underbanked, roughly 90 million individuals(1), yet conduct more than $13 billion annually in alternative financial services transactions. Latin American immigrants working in the U.S. are one of many growing segments in the U.S. that will benefit from mobile financial services. The Inter-American Development Bank (IDB)recently reported that Latin American immigrants working in the U.S. will send an estimated $45 billion to their home countries each year, up from previous years. That number is anticipated to grow in coming years to surpass $100 billion annually by 2010.
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Posted by: Donald Utz | October 26, 2009 6:04 PM
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